Cryptocurrency

Coincheck to repay users who lost money in $400 million hack

Japanese policy makers introduce legislation last April to prevent such disasters

bloomberg

28.01.2018

Japanese cryptocurrency exchange Coincheck said it will use its own capital to reimburse customers who lost money in Friday's $400 million (€322 million) theft.

The Tokyo-based company will repay all 260,000 users impacted by the theft of NEM coins, at a rate of 88.549 yen (65 euro cents) for each coin, according to a statement posted on its website after midnight local time on Sunday. A total of 523 million coins were stolen, it said.